Global Ceramic Tiles Market, By Type (Porcelain, Glazed, Unglazed), By Product (Floor Tiles, Wall Tiles, Others (Ceiling Tiles, Roofing Tiles, Countertop Tiles, etc.), By Application (Residential Replacement, Commercial, New Residential, Industrial), and opportunities and forecast 2020-2027
Ceramic Tiles Market Overview
Ceramic tiles are durable, rigid, and environment-friendly materials that comply with green building standards, hence are gaining traction in flooring and walling applications. These products are commercially available in a wide range of colors, sizes, and textures, therefore are gaining consumer attraction for high-end flooring applications. The global Ceramic Tiles market is expected to grow tremendously in the forecast period. One of the key factors to boost this market is the booming construction industry across the whole world. The attractive appearance of ceramic tiles stands as a crucial feature enlarging its demand in the building and construction industry.
Furthermore, there are a few driving factors that are responsible for the development in the market across the world. Most noticeable is the expanding development exercises, supported by the developing requirement for housing. In addition to this, factors such as the growing economies of countries in the Middle East and Asia-Pacific, quick urbanization, and rise in dispensable wages are additionally contributing to the development of the global Ceramic Tiles market. Moreover, other factors such as growth in population, growth in renovation & remodeling activities, and increasing investments in the residential and commercial sectors are remarkably contributing to the global Ceramic Tiles market.
However, volatile raw material prices and increasing regulations & tariffs restrain the growth of the market. Nonetheless, rising demand from emerging economies and the growth of the organized retail sector create several growth opportunities for the market.
Covid-19 Impact on Ceramic Tiles Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
Ceramic Tiles Market Segment Overview
Based on type, the growth of the ceramic tiles market was dominated by the Porcelain segment in 2019. Recently, the demand for porcelain tiles has been increasing due to their superior properties, such as low water absorption, slip resistance, and anti-bacterial properties. These properties make porcelain tiles extremely popular for kitchens, bathrooms, and hospitals. According to the product, the Flooring segment is expected to grow at the highest CAGR in the ceramic tiles market during the forecast period. Ceramic tiles are an ideal and enduring option as a flooring material because of their strength, water resistance, low maintenance, reliability, and high durability. Additionally, they find application in healthcare centers, government offices, sports institutes, where the expected footfall is high, as well as in residential buildings.
· Residential Replacement · Commercial · New Residential · Industrial
Ceramic Tiles Market Regional Overview
In terms of region, Asia Pacific accounts for the significant market share of the global ceramic tiles both in terms of revenue and volume. Important factors such as increasing disposable incomes, and rising construction activities in the Asia Pacific drive the market for ceramic tiles in this region. China held a maximum share of the market due to the presence of a promising construction sector in the region. China, India, and Indonesia are key countries of the market in the Asia Pacific. On the other hand, the North American market is expected to witness stable growth in the forecast period. Currently, the recovery of the building & construction industry in the region is the main factor boosting the ceramic tiles market in North America.
Ceramic Tiles Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Ceramic Tiles Market, Key Players
· Mohawk Industries, Inc. · Siam Cement Group · Ras Al Khaimah (RAK) Ceramics · Grupo Lamosa · Kajaria Ceramics · China Ceramics Co. Ltd. · LASSELSBERGER GmbH · Panariagroup Industrie Ceramiche S.p.A. · Gruppo Concorde S.p.A · Johnson Tiles, · Kale Group
Ceramic Tiles Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Ceramic Tiles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.3. Market Analysis, Insights and Forecast – By Product